We describe intergenerational redistribution in Sweden the year 2003. The high Swedish tax ratio of around 50-60 percent of GDP per capita is partly explained by every individual getting a lot back in terms of transfers and part in government consumption. Another reason is that most transfers...

The poverty outcome in old age is affected by labour market reforms. Using our in house agent based simulation model IFSIM we show that sharing equally the parental leave can increase or reduce poverty among the elderly depending on the macro and behavioural responses that the Reform off-sets....

Traditionally, pension systems aim to fulfill a number of functions which include income security and consumption smoothing in old age, as well as income redistribution. The main rationale for pension reform lies in the interaction between current demographic trends (e.g. increasing old age...

There is plenty of evidence that growth has a negative relation to fertility and dependency ratios. Recently it has been suggested that low fertility countries may be caught in a trap that is hard to get out of. One important mechanism in such a trap would be social interaction and its effect on...

This study compares alternative designs of an unfunded pension system. Convex combinations between a fixed contribution rate and a fixed benefit rate are considered. The objective is to maximize the expected ex-ante welfare under stochastic fertility. The model is a three-period CGE framework...

Female old age poverty is affected by family policy reforms which are meant to promote gender equality when young. Using our in house agent based simulation model IFSIM we show that sharing equally the parental leave can increase or reduce poverty among elderly women depending on the macro and...

Fifty years have passed since the seminal contribution of Guy Orcutt [Orcutt,1957],which gave birth to the field of Microsimulation. We survey, from a methodological perspective, the literature that followed, highlighting its relevance,its pros and cons vis-`a-vis other methodologies and...